<ul><li>New York City's Taxi & Limousine Commission (TLC) is raising the minimum pay standard for drivers in high-volume services, which applies to Uber and Lyft.</li><li>Uber claims that the higher pay standard will result in layoffs of thousands of its drivers, as it has already made the rideshare service too expensive and resulted in a decline in trip volume.</li><li>Uber has asked the TLC to lower the per-mile rates paid to drivers by 6% and argues that drivers are experiencing lower costs due to lower gas prices, the use of used cars, and an overall reduction in inflation.</li><li>The TLC responded to Uber's concerns by stating that it is studying driver expenses and will consider the findings before accepting Uber's claims.</li></ul>

Uber Claims Higher Pay For Drivers In New York City Will Force Layoffs

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